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Hengxin Technology Reports 1H15 Net Profit Of Rmb49.2 Million
Daily Bulletin | 20 August 2015

Hengxin Technology reported a 4.5 percent increase in net profit to Rmb49.2 million from Rmb47.1 million last year.

Revenue saw an 8.6 percent rise to Rmb785.2 million due to an overall increase in orders for the group’s products.

However, in line with an increase in orders, selling and distribution expenses expanded 22 percent to Rmb34.6 million, with the higher rate of increase attributable to bulkier products and shipment of goods to more remote regions within China.

Coupled with higher administrative and other operating expenses, the rise in total expenses offsetted the top line gain and resulted in a comparable 1H15 net profit.

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